Correct option is B
After independence, during the second Five Year Plan (1956-61), Rourkela Steel Plant
was set up with the collaboration of Germany.
· The Five Year Plans were formulated, implemented and regulated by a body known as the Planning Commission.
· The Planning Commission was replaced by a think tank called NITI AAYOG in 2015.
· The First Five-year Plan was launched in 1951 which mainly focused in the development of the primary sector. The First Five-Year Plan was based on the Harrod–Domar model.
· The Nehru-Mahalanobis model was adopted in the second five-year Plan. The main objective of this plan was rapid industrialization with particular emphasis on the development of basic and heavy industries.